Our diverse business operations cover: home improvement and outdoor living; apparel and general merchandise; office supplies; and an Industrials division with businesses in chemicals, energy and fertilisers, and industrial and safety products.

Other businesses

Coles

Coles is a leading Australian retailer which sells everyday products including fresh
food, groceries, household goods, liquor, fuel and financial services via its national
store networks and online platforms.
Following the demerger of the Coles division from Wesfarmers on 28 November 2018 and its listing as a standalone company on the Australian Securities Exchange, Wesfarmers became a significant shareholder in Coles Group Limited (Coles), holding 15 per cent of Coles’ total shares on issue as at 30 June 2019.
Earnings from the Group’s 15 per cent share of Coles’ net profit after tax since demerger totalled $128 million. For more information on Coles’ performance during the year, please visit www.colesgroup.com.au

flybuys

Wesfarmers owns a 50 per cent shareholding in leading loyalty and data company flybuys, with Coles Group Limited holding the other 50 per cent. Formerly part of Coles, following the demerger in November 2018 the flybuys business was set up as an independent, standalone business.
As at 30 June 2019, there were 6.6 million active households in the flybuys loyalty scheme. For more information on flybuys, please visit www.flybuys.com.au

BWP Trust

Wesfarmers’ investment in the BWP Trust (the Trust) contributed earnings of $42 million, compared to $45 million last year.
The Trust was established in 1998 with a focus on warehouse retailing properties and, in particular, warehouses leased to Bunnings. BWP Management Limited, the responsible entity for the Trust, is a wholly-owned subsidiary of Wesfarmers Limited. Units in the Trust are listed on the Australian Securities Exchange and
Wesfarmers holds, through a whollyowned subsidiary, 24.8 per cent of the total units issued by the Trust as at 30 June 2019.
The Trust’s portfolio as at 30 June 2019 consisted of a total of 75 properties. For more information on the Trust, please visit www.bwptrust.com.au

Gresham Partners

Wesfarmers has a 50 per cent shareholding in Gresham Partners Group Limited, the holding company for the Gresham Partners operations. Gresham is a leading independent financial services business with activities in corporate advisory, funds management, property, and capital solutions.
Wesfarmers is a participant in the Gresham Private Equity funds, which had one remaining investment as at 1 July 2018 in an underground mining services business, Barminco Limited. In August 2018, Ausdrill Limited agreed to acquire Barminco. As part of the transaction, Wesfarmers recorded a $42 million gain on the Group’s investment in Barminco following its purchase by Ausdrill and a subsequent $19 million revaluation of the Ausdrill shares received. In September 2019, Wesfarmers disposed of its interest in Ausdrill. For more information on Gresham Partners, please visit www.gresham.com.au

Wespine Industries

The 50 per cent-owned Wespine Industries operates a plantation softwood sawmill in Dardanup, Western Australia.
Despite WA housing approvals at the lowest level in 20 years, Wespine increased timber sales by 4 per cent to $96.7 million with nearly 30 per cent of production shipped to customers in the Eastern States. Contribution margins also improved during the year reflecting both efficient operations and favourable production mix. Disappointingly, an increase in recordable injuries occurred during the year to 30 June 2019 following a record low frequency rate in the year to 30 June 2018. Workforce safety continues to be a focus area for management including supervision practices, hazard awareness and housekeeping.
For more information on Wespine Industries, please visit www.wespine.com.au